Absolute auction Study guides, Class notes & Summaries

Auction - Answer- method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - Answer- any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition of and the acceptance of offers the purchase of ...

Auctioneer Exam questions and answers 100% guaranteed success. Auction - correct answer. method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - correct answer. any person who engages or who by advertising or otherwise holds the person out...

Auction Exam Questions With 100% Correct Answers 2024

Ky Board of Auctioneer Test questions and answers latest top score. Absolute Auction - correct answer. After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - correct answer. when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers r...

Does an auctioneer need a federal firearms license? - Yes AND No; if estate sale then no, consignment sale then yes If an auctioneer sales a firearm away from their business location, how do they transfer to buyer? - It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? - The court sets the fee. Who must obtain a firearms license? - Persons in the business of importing, manufacturing, or dealing in firearms, o...

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...

Auctioneer Exam questions and answers latest top score. Auction - correct answer. method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - correct answer. any person who engages or who by advertising or otherwise holds the person out as being...

Auctioneer Exam questions and answers 100% verified. Auction - correct answer. method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - correct answer. any person who engages or who by advertising or otherwise holds the person out as being ab...

Offer and Acceptance (OandA) REQUIREMENTS FOR A BINDING CONTRACT Offer and Acceptance + Intention to create legal relations (ICLR) + Consideration REQUIREMENTS FOR A VALID OFFER Certainty of offer • An offer must be clear and certain • Gibson v Manchester City Council (1979): There was no binding contract because there was never an offer made by the council. ‘May be prepared to sell” = not sufficiently clear and certain – merely first step in negotiations Intention to be bou...

GA Auction Study Guide Exam Questions With 100% Correct Answers An auction listing contract - answerMust be written to be enforceable Seller - answerIn the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ If a public auction your seller directs you to disregard ethical behavior, you should: - answerAvoid the seller A real estate deed is a document to determine; - answerConvey land ownership An auctioneers license numbe...